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BITCOIN
Comments
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0% inflation adjusted. So it has done its job against inflation. Some decades will be better than others. Take the last 30 years and it’s tripled in price (inflation adjusted).darren232002 said:
Gold 0% for a decade. Inflation also 0%? By 'good job' I assume you mean 'can't keep up'thegentleway said:They do a good job against inflation but yes they are not a get rich quick scheme.
"I have no counter argument and don't understand how you can generate a return from a digital asset, so I'll pretend its irrelevant"thegentleway said:Nice switch and bait.
Attempts to set himself up for a win-win no matter what happens to the price of BTC.thegentleway said:See you then mate. It would be cool if it hits 6 digits. Plenty of my friends have bet more than they can afford to lose on it.
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There are counter arguments to staking yes (counterparty risk, hacking, etc...). It doesn’t change the fact that Bitcoin just sits there not earning (in cold storage). If you stake it in an exchange you are taking loads of risk. You can’t compare coupons or dividend to this interest as you can’t lose your bond or share but you can lose your Bitcoin. Closest thing would be P2P.
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If you want to twist it then yeah sure I’m setting myself up for a win-win! I actually think blockchain is pretty cool. As far as I know, writing started with keeping ledgers. There are lots of opportunities and it’s exciting but there are some major stumbling blocks, e.g. all the coal being burned for mining, the fact that you have to ask permission from a third party (exchange) for fiat-to-crypto or for crypto-to-crypto, smart contracts are worthless without the specific coin’s widespread adoption, etc... but sure let’s switch and bait to the huge gains and call me poor/stupid instead. At the end of the day crypto cannot completely replace fiat unless governments decide to collect taxes in crypto. If they do it’ll be their own crypto. So people will always have a need for government issued currency (unless they are criminals obviously but even then the lack of privacy is an issue).No one has ever become poor by giving1 -
Haha change in sentiment because its already fallen off a cliff 40% earlier in the day?It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.
This thread keeps on getting more bizarre, now people are saying they can easily read the charts and predict what BTC will do but also don't trade or even understand what all the coins/tokens even do. Its super weird.
It won't go to $20k, I hope it does though because I'll give money to charity and ape into the dip. Then I'll give more at $100k, coolios.
Going to a crypto conference in Miami in 2 weeks, will see if I can find an actual real crypto company anywhere and maybe take a photo of them just for you guys0 -
Nobody can predict where bitcoin is going, there are no fundamentals. Your $100k predictions are just as silly as $20k ones. It's anybody guess.Scottex99 said:
Haha change in sentiment because its already fallen off a cliff 40% earlier in the day?It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.
This thread keeps on getting more bizarre, now people are saying they can easily read the charts and predict what BTC will do but also don't trade or even understand what all the coins/tokens even do. Its super weird.
It won't go to $20k, I hope it does though because I'll give money to charity and ape into the dip. Then I'll give more at $100k, coolios.
Going to a crypto conference in Miami in 2 weeks, will see if I can find an actual real crypto company anywhere and maybe take a photo of them just for you guys
Enjoy Miami, I'm very jealous!
No one has ever become poor by giving3 -
Hmmm. Is it that obvious that Bitcoin isn't just money? Innocent mistake on my part and I apologise. I have an open mind on the subject and fully admit to not understanding it at all. A quick Google throws this up though, so is it any wonder I am confused!darren232002 said:
Jesus wept. Facepalm.jpglozzy1965 said:Isn't Bitcoin specifically 'money'? That's what one does with money, buy things. It becomes a bit strange when the currency one uses to buy things becomes, in itself, collectable though
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Something else that has already been addressed ITT...Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”19 Apr 20210 -
Was listening to a view on Crypto that intrigued me.
At some point (perhaps quite soon) will the Crypto market be "Too big to fail"?
The whole of the US stock market is approx $40 Trillion and is deemed too big to fail - the powers that be would never allow the stock market to fail.
Crypto is approx $2 Trillion and growing fast, as more large companies/funds/super wealthy get involved this will drive more large companies/funds/super wealthy to get involved as the truly super wealthy will not want to risk missing out on something that could potentially rival/beat them - at some point the Crypto market will be so large with so many people having a vested interest that it will become..."Too big to fail"
Interesting point of view.1 -
That is interesting, and I could see that happening, but there are so many crypto 'flavours' out there, and so many appearing all the time, that some will fail and some will (probably) go from strength to strength. So I guess that is a question for individual 'coins', where some could individually become too big to fail. Like previous posters who are not invested in this market, I am more worried about the knock on effect to things that I am invested in if there is a 'bubble burst'. As well as being jealous of those who got in at any significantly lower price - and not being brave/intelligent enough to get in now, myself!Adyinvestment said:Was listening to a view on Crypto that intrigued me.
At some point (perhaps quite soon) will the Crypto market be "Too big to fail"?
The whole of the US stock market is approx $40 Trillion and is deemed too big to fail - the powers that be would never allow the stock market to fail.
Crypto is approx $2 Trillion and growing fast, as more large companies/funds/super wealthy get involved this will drive more large companies/funds/super wealthy to get involved as the truly super wealthy will not want to risk missing out on something that could potentially rival/beat them - at some point the Crypto market will be so large with so many people having a vested interest that it will become..."Too big to fail"
Interesting point of view.0 -
Nobody can predict it short term. Sure people can trade the RSI, Fib blah blah whatever and of course sometimes it bounces straight off previous support/resistance lines and people make good plays but it's very hard to time the market, I don't even try. If I get a 5-10x out of a coin I'll take profit back to BTC/ETH or maybe buy another Alt/Shitcoin but I'm not trading all my bags trying to time the bounce at 30k.thegentleway said:
Nobody can predict where bitcoin is going, there are no fundamentals. Your $100k predictions are just as silly as $20k ones. It's anybody guess.Scottex99 said:
Haha change in sentiment because its already fallen off a cliff 40% earlier in the day?It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.
This thread keeps on getting more bizarre, now people are saying they can easily read the charts and predict what BTC will do but also don't trade or even understand what all the coins/tokens even do. Its super weird.
It won't go to $20k, I hope it does though because I'll give money to charity and ape into the dip. Then I'll give more at $100k, coolios.
Going to a crypto conference in Miami in 2 weeks, will see if I can find an actual real crypto company anywhere and maybe take a photo of them just for you guys
Enjoy Miami, I'm very jealous!
Funnily enough i'd say the reason i'm predicting $100k is EXACTLY because of fundamentals, discussed here many times0 -
What fundamentals? There’s no cash flow, balance sheet, liabilities, etc...Scottex99 said:
Funnily enough i'd say the reason i'm predicting $100k is EXACTLY because of fundamentals, discussed here many timesthegentleway said:
Nobody can predict where bitcoin is going, there are no fundamentals. Your $100k predictions are just as silly as $20k ones. It's anybody guess.Scottex99 said:
Haha change in sentiment because its already fallen off a cliff 40% earlier in the day?It takes less than 5 mins to look at the Bitcoin chart and see the change in sentiment. We may continue to bounce here for a short while but the next big move is likely down to $20K and no I am not shorting it. Crypto is a market I am staying clear of.
This thread keeps on getting more bizarre, now people are saying they can easily read the charts and predict what BTC will do but also don't trade or even understand what all the coins/tokens even do. Its super weird.
It won't go to $20k, I hope it does though because I'll give money to charity and ape into the dip. Then I'll give more at $100k, coolios.
Going to a crypto conference in Miami in 2 weeks, will see if I can find an actual real crypto company anywhere and maybe take a photo of them just for you guys
Enjoy Miami, I'm very jealous!No one has ever become poor by giving4 -
Please no, not again, it's not a company.
I'll be on here at $20k or $100k anyway so feel free to take the peepee if its the lower end
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So based on your “fundamentals” what’s the current price/value of Bitcoin?No one has ever become poor by giving1
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